Stock Market Analysis With The Elliott Wave Principle -Dow Jones, S&P 500, Russell 2000, Nasdaq and FX. All charts and commentary on this site are strictly the opinions of the author(s) and are for recreational purposes only. In no way should this be construed as trading advice or a recommendation for investing. See disclaimer at the bottom of the page.
Monday, April 12, 2010
4/12/10 - Reverse Fibonacci
Here's a good example of a possible reverse fib technique in play. The leg up from (a) is now 138.2% of the previous leg down starting from 1191.80. This would make that alternate count more palatable since (b) would be a more reasonable length to (a) if this were to be an expanded flat for [iv]
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment